Who Needs Disability Insurance?

Some individuals tend to think they don't need disability insurance unless they work in a dangerous job. It is a good idea for workers in that type of job environment to have disability insurance; however everyday employees at an office, restaurant or retail store should seriously consider buying disability insurance.

The majority of people who are on disability have an illness such as cancer. Or, they may have another health issue such as a mental disorder or pregnancy. Long-term disability statistics prove that all types of employees, not just those with risky jobs, may have a need for disability insurance.

• Accidents account for 10.1 percent of long-term disability claims.
• Pregnancy accounts for 8.8 percent of long-term disability claims.
• Connective tissue diseases account for 21.9 percent of long-term disability claims.
• Mental disorders account for 8.7 percent of long-term disability claims.

Disability insurance can help you support yourself while disabled. It won't replace your full income, but you'll get a certain percentage of it. Insuring your income is a wise decision. Comparing premiums from different disability insurance companies will aid you in finding the best policy for your money. To get multiple disability insurance quotes from a variety of different insurance providers in our network, use the form on InsuranceBureau.

Sources

1. Disability Insurance: A Missing Piece in the financial Security Puzzle. (2004) Retrieved April 25, 2008, from http://www.ahipresearch.org/bytopic.html#topicdisability